203 Luther RdColumbiaSC29210
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Columbia at 203 Luther Rd, Columbia, SC, 29210 priced at $201,100 converts $1,865/mo rent into $668/mo cash flow after a $984/mo obligation. Total monthly income equals $1,865/mo, and annual cash flow totals $8,018/yr on $66,665 invested. Return on cash invested prints 31.94% in year one, and rental yield reads 11.13% against a $201,100 entry. Equity gained on principal adds $1,298/yr, while 5% annual appreciation compiles into $55,560 by year five. Five-year ROI reaches 167.09% and total cumulative return in cash sums $111,389. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,865/mo property income covering a $984/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29210, Columbia, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,166 (100%) |
| Owner Occupied HU | 6,820 (35.6%) |
| Renter Occupied HU | 10,472 (54.6%) |
| Vacant Housing Units | 1,874 ( 9.8%) |
| Median Home Value | $195,610 |
| Average Home Value | $234,246 |
Housing Distribution
Address Breakdown
Residential
17,637
Single Family
10,741
Multi-Family
6,896
Businesses
1,419
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